Brief
New York City’s Class B and C Office Recovery Is Real — and Accelerating
For several years, the narrative surrounding New York City office buildings, particularly Class B and Class C assets, was relentlessly negative. The headlines were dominated by remote work, shrinking
Summary
For several years, the narrative surrounding New York City office buildings, particularly Class B and Class C assets, was relentlessly negative.
The headlines were dominated by remote work, shrinking footprints, weak leasing demand, rising vacancy and the notion that traditional office use might never fully recover.
Many owners felt trapped. Buyers stayed on the sidelines. […]
Source
- Commercial Observercommercialobserver.com
